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Nov 14, 2012
11/12
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a lot of talk about the fiscal cliff, taxes going up. it is getting a little old. you think this market could actually rally before a deal is struck particularly when you see a buying opportunity like today. how much further south doesn't have to go before it is a buying opportunity? >> every time i think we're in a hole, we blow right through it. i think we need congress and the president to stop negotiating. both realize what they are. the president did not get a mandate on the economy. it is like me saying my wife married me for my height and athletic prowess. it is not true. you have a mandate on fixing immigration, putting supreme court justice. congress does not have a mandate either. stop negotiating the press and stop talking, start negotiating, while the market to just digest and trade under normal environment. we may not see a lot of volatility, that is not such a horrible thing in the market not selling off 20 handles anytime anybody opens their mouth. what we don't need is more talk. just the way it is. liz: mark sebastian did not even drink red bull to
a lot of talk about the fiscal cliff, taxes going up. it is getting a little old. you think this market could actually rally before a deal is struck particularly when you see a buying opportunity like today. how much further south doesn't have to go before it is a buying opportunity? >> every time i think we're in a hole, we blow right through it. i think we need congress and the president to stop negotiating. both realize what they are. the president did not get a mandate on the economy....
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Nov 26, 2012
11/12
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also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we saw the rising cost of oil. david: we're about to see a lot of activity. also expected to see, for example, cases in which people who have been giving out dividends thinking of increasing dividends are buying back their stock instead because the tax penalty for that is a lot less than what it could be. liz: you are seeing the stock altered, shares ending lower. on the floor of the new york stock exchange, some of this obviously they did not go to enough of the movie. nicole: the five day weekend is actually a box office winner. record-setting winner. $290 million. you know what did not participate in
also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we...
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today tax policy and fiscal cliff one. it will weigh on us until we get some sort of idea there will be a resolution. i don't even think we need an understanding they're going to get together and do this. until then kelly have to start to search to find positive points on the market. three areas we have seen some positive degree. corn, the little bullishness in weekend golf. if we were down 30 some odd handles, it would have a huge day. it was such an ugly day here. david: thank you very much, we will come back to you with the s&p futures closed. liz: time for the street fight for the bears we have paul, hightower's group founder and managing director. for the bulls would have investment advisors and cio. what are your reasons besides the obvious to say we don't know what will happen with the fiscal cliff, we heard all of that, is there something else that worries you more? >> there's a whole list of things in addition to the fiscal cliff. earnings over the last five quarters. the estimates by the s&p this quarter coming i
today tax policy and fiscal cliff one. it will weigh on us until we get some sort of idea there will be a resolution. i don't even think we need an understanding they're going to get together and do this. until then kelly have to start to search to find positive points on the market. three areas we have seen some positive degree. corn, the little bullishness in weekend golf. if we were down 30 some odd handles, it would have a huge day. it was such an ugly day here. david: thank you very much,...
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Nov 28, 2012
11/12
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the great thing in my view about the fiscal cliff --. david: by the way whht we're looking at what i was talking about before. as you can see, tween, that was supposed to be one-shot deal. $800 billion increase in spending. continued, 2011, 2012. that is what has to be addressed. >> it all has to be addressed. we need a comprehensive solution that will last for a long time that will both right the ship and give us certainty and give us understanding as business people and consumers what status we will have from a tax poont of view, from a spending point of view over the next number of years. liz: that becomes the big problem for anybody trying to run a business. they don't have a tax plan or a code they can really count on but putting that aside, as we balance like you say we need to on the spending as well, cutting that, a lot of people don't even mention ending the war which is 1.4 trillion so far. >> yes. liz: do you factor that in? >> absolutely. how did we get where we are? in 2000 we had a surplus. we've had 10 years of increased s
the great thing in my view about the fiscal cliff --. david: by the way whht we're looking at what i was talking about before. as you can see, tween, that was supposed to be one-shot deal. $800 billion increase in spending. continued, 2011, 2012. that is what has to be addressed. >> it all has to be addressed. we need a comprehensive solution that will last for a long time that will both right the ship and give us certainty and give us understanding as business people and consumers what...
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we're expecting a reset if we hit the fiscal cliff, higher taxes on dividends. look at figures. 25 highest yielding stocks in the s&p 500 are down an average of 3.8% just through thursday's close. compare thaa with a decline of only 2.6% for the s&p 500. yes. people are jumping from dividends. we have somebody who says there is one dividend paying structure that will pay you big despite the 2013 higher tax rates. we have the him her to talk about mlps. everybody write this down, mlp, master limited partnerships, which first explain to our viewers what they are and why they are held to a different standard even if the tax rate goes up. >> okay. master limited partnerships were created by an act of congress in 1986. what they were designed to do is encourage private investment in the u.s.'s energy infrastructure. so they create ad pass-through vehicle similar to a reit structure. so the master limited partnership does not pay taxes at a corporate level but passes through the distributions in the form of higher dividends to the ultimate investors in the partnership
we're expecting a reset if we hit the fiscal cliff, higher taxes on dividends. look at figures. 25 highest yielding stocks in the s&p 500 are down an average of 3.8% just through thursday's close. compare thaa with a decline of only 2.6% for the s&p 500. yes. people are jumping from dividends. we have somebody who says there is one dividend paying structure that will pay you big despite the 2013 higher tax rates. we have the him her to talk about mlps. everybody write this down, mlp,...
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Dec 31, 2012
12/12
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cliff, they don't want their taxes to go up. i get it, dennis gets it. everybody gets it. people don't want to pay more taxes. if you want to get rid of the deficit, ray taxes and cut spending. people said don't raise taxes. that only leaves spending side of the equation. the president needs to get the loud and clear as loud as he got it on taxes. maybe there silver lining. maybe we bring some long-term solution in the future. david: i don't see a silver lining coming out of washington. but, congressman huelskamp, the reason i don't, i've seen all the promises broken in the past. the promise of three to one in terms of spending cuts to tax increases during the reagan administration. bush's two to one or whatever it was. all of those promises are broken. if the government gets more money, it will spend that money. it will not put it to pay down the debt, don't you agree? >> i agree. listen to what the president said a couple hours ago. he talked about sequestration and how bad those cuts were as if he hadn't signed the bill that
cliff, they don't want their taxes to go up. i get it, dennis gets it. everybody gets it. people don't want to pay more taxes. if you want to get rid of the deficit, ray taxes and cut spending. people said don't raise taxes. that only leaves spending side of the equation. the president needs to get the loud and clear as loud as he got it on taxes. maybe there silver lining. maybe we bring some long-term solution in the future. david: i don't see a silver lining coming out of washington. but,...
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Dec 26, 2012
12/12
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we're getting dangerously close going over the fiscal cliff which means taxes go up for everybody who pays taxes but what else does it mean for you -@and for the economy? the chief of staff on george w. bush council of economic advisors, she thinks we're probably going over because the white house will not stop pushing for higher tax rates, she joins us later this hour. shibani: maybe the texas will be higher in 2013, but prices at the pump will be lower. some good news and some bad news. david: but first we will tell you what drove the market in today's data download. all three major indices closing to the red for the third day in a row. nine of 1 10 s&p sectors ended lower led by consumer discretionary and materials posted gains but they were the only ones out of the nine or 10 sectors. falling compared to the previous month up one year earlier. case-shiller index rising 4.3% compared to year ago. manufacturing utility slowing down, the federal reserve bank using five points from nine in november. numbers above zero indicating expanding activities but there is a slowing trend that h
we're getting dangerously close going over the fiscal cliff which means taxes go up for everybody who pays taxes but what else does it mean for you -@and for the economy? the chief of staff on george w. bush council of economic advisors, she thinks we're probably going over because the white house will not stop pushing for higher tax rates, she joins us later this hour. shibani: maybe the texas will be higher in 2013, but prices at the pump will be lower. some good news and some bad news....
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Dec 17, 2012
12/12
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to see what, if any progress can be made as we get closer and closer to that fiscal cliff and tax hikes for them. david: should it be a focus of a major company like apple? is it the best, is it the best interest of shareholders to create jobs or create shareholder value? coming up. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and bei ready, no matterhat happens, which isn't rocket science. it's just common sense, from td ameritrade. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese..... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. you know how painful heartburn can be. for fast, long lasting relief, e doctor recommended gaviscon®. only gaviscon® forms a prottive
to see what, if any progress can be made as we get closer and closer to that fiscal cliff and tax hikes for them. david: should it be a focus of a major company like apple? is it the best, is it the best interest of shareholders to create jobs or create shareholder value? coming up. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades...
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Dec 28, 2012
12/12
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you know that when we think about going off the fiscal cliff dividend taxes could triple. and that would have a significantly negative impact on our economy's ability to sustain growth. and think about, you know, this idea, this false idea, frankly, that it won't impact anybody that makes less than 250,000 or whatever the cap is you want. >> right. >> our average age of people that own dividend-paying stocks is about 65 years old. their average income is between 70 to $75,000. yeah, they're not subject to the $250,000 but in fact, if you reduce the after tax yield of these kinds of investments that people select because of their low risk and they use the dividends to supplement their retirement income, if you reduce the after tax yield, stock values drop. we have already seen that. david: because of all this breaking news i want to bring you back and i really want to focus you a little more specifically and dividend tax is something you're hot about but i want to talk to you about whether you're getting squeezed. i'm looking at 300 to $400 billion gap the president will ha
you know that when we think about going off the fiscal cliff dividend taxes could triple. and that would have a significantly negative impact on our economy's ability to sustain growth. and think about, you know, this idea, this false idea, frankly, that it won't impact anybody that makes less than 250,000 or whatever the cap is you want. >> right. >> our average age of people that own dividend-paying stocks is about 65 years old. their average income is between 70 to $75,000. yeah,...
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hikes coming in the fiscal cliff. so we have booz allen already downgrade. costco downgraded by fitch. brown foreman was slapped around by s&p with a downgrade. carnival got hit with a credit negative rating from moody's so on and on and on. here's the deal. we're seeing 173 companies issuing dividends. this is and indicator taxes could be go up. 2 1/2 times the rate we saw of companies issuing special dividends in 2010 when bush rates were threatened to be revoked back then including dividends. interesting part of the story executives who championed fair share, americans should sacrifice like the cofounder of costco, jim senegal is getting a special dividend and saving $4 million in taxes along with the rest of the board. the board overall is saving eight million bucks on early $29 million payout. the 1%, corporate insiders who see the cash on the balance sheet, see the tax hikes coming are saying you know what? give me the special dividend now so we don't have to pay increased tax. >> costco hitting a all-time, 52-w
hikes coming in the fiscal cliff. so we have booz allen already downgrade. costco downgraded by fitch. brown foreman was slapped around by s&p with a downgrade. carnival got hit with a credit negative rating from moody's so on and on and on. here's the deal. we're seeing 173 companies issuing dividends. this is and indicator taxes could be go up. 2 1/2 times the rate we saw of companies issuing special dividends in 2010 when bush rates were threatened to be revoked back then including...
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Dec 14, 2012
12/12
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imagine we do go over the fiscal cliff and all tax rates go up, taxes of the consumers and producers. what happens? how do they plan for that? >> our survey covered 1600 cfos across the united states in public and private companies and in the event that we do go off of the cliff, 47% of them said they were prepared to take defensive action, reduced hiring, perhaps shed jobs, reduce plans for investment so half of them are ready to take -- to take action to pull back on their plans. >> we talk about investors being fatigued by this, and over the past few days there is a fatigue among cfos as well. >> i would say one of the things we have seen and i talk to cfos around the country to visit and clients, they have achieved an ability to deal with and manage uncertainty. stalemate in washington, it is almost become business as usual. so their ability to handle that, manage the business conservatively and that is positioned them quite well to deal with the potential downside of the fiscal cliff issues but it doesn't address their key concern how to grow their businesses. what is really on t
imagine we do go over the fiscal cliff and all tax rates go up, taxes of the consumers and producers. what happens? how do they plan for that? >> our survey covered 1600 cfos across the united states in public and private companies and in the event that we do go off of the cliff, 47% of them said they were prepared to take defensive action, reduced hiring, perhaps shed jobs, reduce plans for investment so half of them are ready to take -- to take action to pull back on their plans....
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Dec 18, 2012
12/12
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up next, the ceo of liberty tax, john hewitt on the fiscal cliff, how he's advising clients and why tax refunds could actually be delayed. david: how many different possibilities could there be? he will tell you. plus how about a big mac on christmas? why is mcdonald's expecting its biggest day ever on christmas day? that story is coming up in today's speed read. ♪ girl: don't look at me. second girl: your hair's a bit frizzy today. aw! ha ha! you should pick that up. announcer: every day, kids witness bullying. poor you. ha ha! they want to help but don't know how. teach your kids how to be more than a bystander. visit stopbullying.gov. david: time for a quick speed read of some of the day's other headlines. first up the gap is opening its first stand alone stores in brazil. the first ones are expected to open in the fall of 2013. with more to follow. photo sharing service instagram got explaining to do, which is owned by facebook saying it will have more to share following criticism of its user agreement which allows it to share photos in connection with paid or sponsored content. m
up next, the ceo of liberty tax, john hewitt on the fiscal cliff, how he's advising clients and why tax refunds could actually be delayed. david: how many different possibilities could there be? he will tell you. plus how about a big mac on christmas? why is mcdonald's expecting its biggest day ever on christmas day? that story is coming up in today's speed read. ♪ girl: don't look at me. second girl: your hair's a bit frizzy today. aw! ha ha! you should pick that up. announcer: every day,...
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Dec 21, 2012
12/12
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we are looking at something if the fiscal cliff the goal of an alternative minimum tax. i don't hear many people talking about it but it is an ominous sign for quarter 1 and gdp growth and risks to economic growth if we don't get something done. liz: let's review. with a week left the nasdaq up 17% over the past year, the s&p 500 better by 15%, russell 2,000 of 14%, this has been a solid year for the market. >> absolutely. as you mentioned not only for the market but also we are up 1.5% on a weekend the s&p. the markets are definitely buoyed and i give a lot of that liquidity in the market and so forth. the euro stock up 16% this year too. that is a shock to many people. liz: don't go away. we want to check back in with you to see the s&p futures. dave: let's bring the market panel, steve sax, shares head of capital markets and john buckingham commack asset management chief investment officer. good to see you both. 2012 has been a lot better than anybody thought it would be 12 months ago. is there any chance that 2013 for all the naysayers could turn out to be a good yea
we are looking at something if the fiscal cliff the goal of an alternative minimum tax. i don't hear many people talking about it but it is an ominous sign for quarter 1 and gdp growth and risks to economic growth if we don't get something done. liz: let's review. with a week left the nasdaq up 17% over the past year, the s&p 500 better by 15%, russell 2,000 of 14%, this has been a solid year for the market. >> absolutely. as you mentioned not only for the market but also we are up...
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Aug 23, 2012
08/12
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>> we covered a lot of ground including the fiscal cliff extending the bush tax cuts for everybody. tax reform and who is wealthy? president obama says his family is making $250,000 a year. governor romney has not answered that question yet so here is what he said. >> i am not looking for high income people to pay a lower share of the total tax burden in the country. at the same time i am going to make sure middle income families don't pay more in taxes and middle-income families to not a higher share of the tax burden in the country. those are the key elements of the plan and with regards to making sure that is the case there is no particular, of other than to look at various groups. the top 1% of the top 5% of the top-10 present and so forth to look and see whether we have to our plans inadvertently given a big hike for a reduction that was an intended that one particular income group we need to take action, a sure we don't save the progress -- i am not looking at leno the obama want to say to reduce taxes for wealthy people. i'm looking instead to lower tax rates and limit deduct
>> we covered a lot of ground including the fiscal cliff extending the bush tax cuts for everybody. tax reform and who is wealthy? president obama says his family is making $250,000 a year. governor romney has not answered that question yet so here is what he said. >> i am not looking for high income people to pay a lower share of the total tax burden in the country. at the same time i am going to make sure middle income families don't pay more in taxes and middle-income families to...
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more than doubling of the dividend tax. >> talking about fiscal cliff issues. david: yeah. >> the fiscal cliff, we've all been focused on the outcome of the election. once the election is over and nobody will be happier about that than i am. i guess obama and romney will be happy but i will be number three. then we have to focus on the fiscal cliff. the fiscal cliff is 4%, nominal gdp. and the nominal gdp is about 4%. if you tax the whole thing you go from economy limping along to zero. and that is not good. so they won't pass the whole thing but, i think obama will pass the expiration of the bush tax cuts on those that make more than 250. i think that is going to happen. certain other parts will happen. probably 1 1/2% of the four will happen. that will reduce nominal gdp from four to 2 1/2. our down to a half real. liz: what does that do, byron, to the fourth quarter outlook? >> fourth quarter outlook is going to be more affected by sandy than it is by the election. liz: interesting. >> i think it will be hurt by sandy but it will be, the first quarter will b
more than doubling of the dividend tax. >> talking about fiscal cliff issues. david: yeah. >> the fiscal cliff, we've all been focused on the outcome of the election. once the election is over and nobody will be happier about that than i am. i guess obama and romney will be happy but i will be number three. then we have to focus on the fiscal cliff. the fiscal cliff is 4%, nominal gdp. and the nominal gdp is about 4%. if you tax the whole thing you go from economy limping along to...
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you have increased fears about fiscal cliff, increased fears about capital-gains taxs. that added another layer of selling. after that happened you have a bad looking chart and technical factors come in. if you saw a bounce-bacc from 505 to 590 last couple weeks that is profit-taking again. there is good chance people locked in even short term gains over the past month and really tried to take advantage of the better trade. liz: exactly. you can't deny there is great opportunity to take profits of the table. look at fundamentals of the company. if you looked on every kid in america's wish-list for christmas or hanukkah there is apple product on there. call it what it is. it is a popular, popular get for anybody, no matter what, the question becomes is it a trade where people believe now that because apple is now facing competition, okay, from the android tablets and kindle fire which is undeniably hot as well, maybe people are starting to let it worm in their brain that apple might not always be the number one toy? >> there is certainly a chance of that and i think goog
you have increased fears about fiscal cliff, increased fears about capital-gains taxs. that added another layer of selling. after that happened you have a bad looking chart and technical factors come in. if you saw a bounce-bacc from 505 to 590 last couple weeks that is profit-taking again. there is good chance people locked in even short term gains over the past month and really tried to take advantage of the better trade. liz: exactly. you can't deny there is great opportunity to take profits...
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Nov 21, 2012
11/12
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you bring up a great point because if worst-cas worst caseo we go over the fiscal cliff and all of those tax changes expire, we will see a tripling of the dividend tax. if that happens, so many people invested right now, you said some of them might change from issuing dividends to buying back their stocks, right? >> that will be the tax efficient way people will return money, cash to shareholders. taxes on dividends are likely to go up, so that could be more efficient place. a dividend issue we have talked about before overplayed maybe an overcrowded area. lauren: let's bring in tony. should we kind of close our eyes and open them on january 2 or something? >> closing our eyes and opening them, it will be highly volatile between now and then. president obama came out and told us they got a solution, but how many times has the politician stretched the truth little bit? the price of a solution is being cooked into the cake in the stock market, and if it does not come to truth, or if it disappoints, i can see a severe drop to negative. david: you are saying the next four months or so becaus
you bring up a great point because if worst-cas worst caseo we go over the fiscal cliff and all of those tax changes expire, we will see a tripling of the dividend tax. if that happens, so many people invested right now, you said some of them might change from issuing dividends to buying back their stocks, right? >> that will be the tax efficient way people will return money, cash to shareholders. taxes on dividends are likely to go up, so that could be more efficient place. a dividend...
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Aug 27, 2012
08/12
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increase at the end of the year with or without a fiscal cliff because we have the healthcare taxes that will be coming. david: that's right unless of course healthcare is overturned. tracy: right, there's that. let's talk about the bull, though. david you are our bull here today. s&p up more than 12% so far this year. everybody knows that historically september is a down month. the dow was down 6% last year. are you still feeling that? are you still feeling the bull run through september? >> certainly we can see some volatility in a september and october month, especially with the election coming. i would agree with bill on one thing, i do like technology stocks. but as far as the valuation range, we're at the low end of valuations historically for the stock market at forward earnings. we're about 12 1/2 times, and relative to the dividend yield on stocks, you know, that's an area that we like. we're pursuing a barbell strategy within equities, technology, high growth areas, nasdaq 100 on one end of that barbell, on the other end of that barbell are the dividend payers. treasuries
increase at the end of the year with or without a fiscal cliff because we have the healthcare taxes that will be coming. david: that's right unless of course healthcare is overturned. tracy: right, there's that. let's talk about the bull, though. david you are our bull here today. s&p up more than 12% so far this year. everybody knows that historically september is a down month. the dow was down 6% last year. are you still feeling that? are you still feeling the bull run through september?...
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Sep 26, 2012
09/12
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he would not be comfortable as part of an increase as part of a fiscal cliff deal. gold will go up to $3,000 at merrill lynch. the precious metals rally is likely to gather strength over the long term. b-of-a last week raised gold's target to $2400. that's the latest from the fox business, giving you the power to prosper. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far. david: investors showing research in motion some love over the last couple days after the co
he would not be comfortable as part of an increase as part of a fiscal cliff deal. gold will go up to $3,000 at merrill lynch. the precious metals rally is likely to gather strength over the long term. b-of-a last week raised gold's target to $2400. that's the latest from the fox business, giving you the power to prosper. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you...
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Nov 30, 2012
11/12
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about the fiscal cliff? >> what you need to realize is regardless of where they end up, they have reduced standing and high taxes. you get a lot of noise. what i am seeing that is very bullish for us is the fact that there's a lot of intraday swinging, we got weeks, the market is holding up extremely well and what everyone has priced in is the government is going to be keeping more of our money and giving benefits but what also factored in is the fact that real-estate has turned a corner and that is a much bigger driver of next year's growth and there might be some uncertainty everyone believes even if we go over the cliff they will get to resolution a couple weeks after that and the market might need to go 500 points to get them to do something they will still do something. dave: a very interesting point. the market has priced this volatility inside. i am wondering how far the pricing goes. for example because the demands from the white house were so extreme there were no spending cuts at all except that pr
about the fiscal cliff? >> what you need to realize is regardless of where they end up, they have reduced standing and high taxes. you get a lot of noise. what i am seeing that is very bullish for us is the fact that there's a lot of intraday swinging, we got weeks, the market is holding up extremely well and what everyone has priced in is the government is going to be keeping more of our money and giving benefits but what also factored in is the fact that real-estate has turned a corner...
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Dec 27, 2012
12/12
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to allow us to go off the fiscal cliff is preposterous. david: when you say a 60-day hold does that mean the president, the president says we should at least make sure taxes for those making under $200,000 doesn't go up but everybody else's taxes should go up. >> they should put everything off 60 to 90 days and sit down after new year's and say how we get the economy moving again? i think it will be clear early next year we're starting to slow down. republicans should hammer home about economic growth. most democrats at end of the day would be wailing to have reform of the tax code where you take out prevalences and lower tax rates. david: the president will not -- he did say so you, by the way. said so in july of 2011. give us 1.2 trillion in additional revenues which could be accomplished without hiking tax rates and then in september 2011, he came out with his own budget in which he said the tax system should be simplified and work for all americans with lower individual and corporate tax rates and fewer brackets. the president said tha
to allow us to go off the fiscal cliff is preposterous. david: when you say a 60-day hold does that mean the president, the president says we should at least make sure taxes for those making under $200,000 doesn't go up but everybody else's taxes should go up. >> they should put everything off 60 to 90 days and sit down after new year's and say how we get the economy moving again? i think it will be clear early next year we're starting to slow down. republicans should hammer home about...
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Nov 27, 2012
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the biggest issue that got the most air time was the fiscal cliff. david: all right. and what about taxes? obviously, the president wants to increase the marginal tax rate. a lot of subchapter s corporations, as many be as a million that could be hit with tax increases because of this. is that a great concern among your peers? >> the biggest concern is that they resolve this issue quickly and decisively. and, yes, there were issues about where the taxes start kicking in, is it 250,000 or above that? there were some concerns. but the biggest concern was that it has to get addressed. and quickly. david: well, what is the one thing -- and, again, you deal with a lot of different businesses, so you get a lot of input from other small businesses -- what's the one thing that you would like to see them address positively that they haven't so far? >> the fiscal cliff is an example of the one thing we need to see addressed. and quickly. but really there are longer-term issues. businesses have had to do a lot of things over the last few years in difficult economy to cut costs a
the biggest issue that got the most air time was the fiscal cliff. david: all right. and what about taxes? obviously, the president wants to increase the marginal tax rate. a lot of subchapter s corporations, as many be as a million that could be hit with tax increases because of this. is that a great concern among your peers? >> the biggest concern is that they resolve this issue quickly and decisively. and, yes, there were issues about where the taxes start kicking in, is it 250,000 or...
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and the fiscal cliff. dave: that is a great point. the fact the we have not seen by partisanship like the president said we were going to see when he started this administration. let's bring heather into the conversation. focusing on this romney bomb do you think it is sustainable -- excuse me? heather, go ahead. is this romney bumped sustainable? >> a great day. definitely it is kind of a romney bump as you stated based on his speech last night and he has brought back some pro-growth on for a for north american spirit back into the economy and the american people. he is for free markets and capitalism and not access control if you will. dave: some people have quantified or tried to quantify the amount of the bump we might get if romney is elected. some say it could be 6% and other people say -- this market has so many things worked into the mix. after the election if romney is the victor with the market continued to rise or would it stay at its current lofty levels. >> we stated there is still the uncerta
and the fiscal cliff. dave: that is a great point. the fact the we have not seen by partisanship like the president said we were going to see when he started this administration. let's bring heather into the conversation. focusing on this romney bomb do you think it is sustainable -- excuse me? heather, go ahead. is this romney bumped sustainable? >> a great day. definitely it is kind of a romney bump as you stated based on his speech last night and he has brought back some pro-growth on...
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Dec 12, 2012
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trading words in any progress or lack thereof on the looming fiscal cliff. david: live with the very latest proposals, if there are any real ones. >> all of this with a sense of optimism from both sides. no movement to secure a deal. wanting immediate tax rate hikes on the wealthy on the spending cuts. latest offer, $1.4 trillion in new tax revenue down from a previous offer of 1.6 trillion. and willingness to begin corporate tax reform. house speaker john boehner says that deal fell short. speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting deductions in a way everyone knows is unrealistic. >> republicans continue to refuse to raise tax rates on wealthier families, the official cl
trading words in any progress or lack thereof on the looming fiscal cliff. david: live with the very latest proposals, if there are any real ones. >> all of this with a sense of optimism from both sides. no movement to secure a deal. wanting immediate tax rate hikes on the wealthy on the spending cuts. latest offer, $1.4 trillion in new tax revenue down from a previous offer of 1.6 trillion. and willingness to begin corporate tax reform. house speaker john boehner says that deal fell...
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cliff than not to have a rise in tax rates, and he said, quooe, "no deal is better than a bad deal," and a bad deal for him is not letting tax rates go up. what do you think of that? he's one of your own. >> well, unfortunately, we've got too much partisanship in washington, d.c.. the american people want the leaders, both the president and the congress to come together, make the tough decisions. it's going to take both. it's going to take the revenue, but it's also going to take fundamental reform of spending. you cannot spend a billion dollars more than you take in every year or there's fiscal ruin, and with the amount of baby boomers retiring over the next several years, they are going to have to deal with things like medicare, medicaid, and social security if we're going to resolve this thing for the long term, and, frankly, iowa farmers and small businesses will be hit with huge increases in capital gains and death taxes, a real damaging blow to our state, which is doing well. liz: let's talk about the double whammy you face, and you're only one of six states where it's an inter
cliff than not to have a rise in tax rates, and he said, quooe, "no deal is better than a bad deal," and a bad deal for him is not letting tax rates go up. what do you think of that? he's one of your own. >> well, unfortunately, we've got too much partisanship in washington, d.c.. the american people want the leaders, both the president and the congress to come together, make the tough decisions. it's going to take both. it's going to take the revenue, but it's also going to...
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Nov 19, 2012
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at lease of a process that they are working on to avert the fiscal cliff, which is hundreds of billions of dollars in tax increases and spending cuts by overhauling entitlements and taxes. negotiators are working on targeting amounts to reduce deficits. congress and the details with tax entitlement reform. one possible way to ensure congress acts, a new system of automatic revenue increasing entitlement spending cuts to begin. it is time for both sides to end the brinksmanship. >> it is a process of governing. a dangerous way to force the making of laws. our elected officials must recognize the principle of governing responsibly and it is paramount to their legitimacy. >> both sides say they are open to dealing on entitlements and taxes. the sticking point is the expiring tax rates. families earning more than $250,000 a year, republicans refused back, offering to curb tax deductions for wealthier americans. they are coming back to washington dc, at least the principles do after thanksgiving to continue. david: at the very least, everyone should agree to cut the tax code in half. rich ed
at lease of a process that they are working on to avert the fiscal cliff, which is hundreds of billions of dollars in tax increases and spending cuts by overhauling entitlements and taxes. negotiators are working on targeting amounts to reduce deficits. congress and the details with tax entitlement reform. one possible way to ensure congress acts, a new system of automatic revenue increasing entitlement spending cuts to begin. it is time for both sides to end the brinksmanship. >> it is a...
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if he was to say that today, we would have no fear of going over the fiscal cliff. >> absolutely not. we need a new tax code. that's absolutely the base thing we need to have. it should have lower rates. and it should come ultimately, tax reform does, by taking out all the junk in the code. david: the extraordinary thing he said exactly what pub puns republicans are calling for. it could end the skaubling. he said the following. this is his principles for tax reform from his budget in 2011. lower tax rates. the tax system should be simplified and work for all americans with lower individual and corporate tax rates and fewer brackets. again, that is the compromise we're all looking for, quickly. >> well it is absolutely but let me take you back to where you started. that is we have the big increases in spending that seem to be in the budget right now. that is where really the other side on this debate wants to go. increase spending. they need increased revenues. why not go over the fiscal cliff where you get both of those? i think that's where we are headed, david, unfortunately. david
if he was to say that today, we would have no fear of going over the fiscal cliff. >> absolutely not. we need a new tax code. that's absolutely the base thing we need to have. it should have lower rates. and it should come ultimately, tax reform does, by taking out all the junk in the code. david: the extraordinary thing he said exactly what pub puns republicans are calling for. it could end the skaubling. he said the following. this is his principles for tax reform from his budget in...
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>> well this fiscal cliff looms large. it is no longer a political debate or philosophical debate it is mathematical necessity. the walls of the fiscal cliff, the walls are moving in such they have to solve it. we prefer it would be done in timely and orderly manner so it doesn't disrupt the economy. the nonpartisan cbo, congressional budget office, if they don't address this the gdp could drop 3%, go into negative territory, in other words a recession. unemployment could go back up to 9% and another series of cascading developments. they must address this as soon as possible. i have written a letter to the president and congress on behalf of our organization to say, make a modest extension so you can buy yourself some time and tackle in comprehensive and structural way including spending reform which will have to include entitlement reform and tax reform in a way pro-growth and need be, lower rates and broaden the base. liz: governor tim pawlenty, financial services roundtable ceo and former governor of minnesota. we hope
>> well this fiscal cliff looms large. it is no longer a political debate or philosophical debate it is mathematical necessity. the walls of the fiscal cliff, the walls are moving in such they have to solve it. we prefer it would be done in timely and orderly manner so it doesn't disrupt the economy. the nonpartisan cbo, congressional budget office, if they don't address this the gdp could drop 3%, go into negative territory, in other words a recession. unemployment could go back up to 9%...
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Oct 15, 2012
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increases, it is known as the fiscal cliff kicking in at the end of the year. if thi these things happen, the economy will take a big hit. that could throw us back. what will happen to the market? the market will not like this too much, so what do you do if that happens? it is more than a theoretical chance. if president obama is reelected, if republicans lose more in the senate, even if they keep the house, you will have an embolden democratic party and republicans being forced by tea party members not to give in. let them go this way. what do you do? there are a couple of things. came up with some portfolios. i would say cash, gold will probably go up as well, treasury bonds is a good place. other sort of stocks that work are food and alcohol stocks. people like to drink during recessions. the market reacts to that. food and alcohol stocks generally go up. the other thing kind of interesting, there was a spike in gun manufacturing during the first couple of months of the obama presidency. the dow went down to the lowest level in years hitting 6500 in march 20
increases, it is known as the fiscal cliff kicking in at the end of the year. if thi these things happen, the economy will take a big hit. that could throw us back. what will happen to the market? the market will not like this too much, so what do you do if that happens? it is more than a theoretical chance. if president obama is reelected, if republicans lose more in the senate, even if they keep the house, you will have an embolden democratic party and republicans being forced by tea party...
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Dec 20, 2012
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doesn't deal with all the fiscal cliff items that are on that list. first it keeps income tax rates for all income amounts of less than one million dollars. it also keeps the top capital gains and dividend rates for 15% for all less than a million dollars. income more than a million dollars the top rate goes to 0%. it insures 10 of millions of americans don't have to pay the alternative minimum tax. it sets the estate tax of 35% of amounts passed on more than $5 million. you know of the sequester. these are automatic spending cuts supposed to have over the next 10 years. they start in january. this bill would create other government spending cuts to replace those cuts for just next year. back to you. liz: when are we actually going to do something about this deficit? man, people are wondering and waiting. rich, thank you. they don't want to feel it themselves. guess what? we're all part of the same country and fox business is right there. we'll have full live coverage of tonight's vote on the fiscal cliff including a special report hosted by neil cavu
doesn't deal with all the fiscal cliff items that are on that list. first it keeps income tax rates for all income amounts of less than one million dollars. it also keeps the top capital gains and dividend rates for 15% for all less than a million dollars. income more than a million dollars the top rate goes to 0%. it insures 10 of millions of americans don't have to pay the alternative minimum tax. it sets the estate tax of 35% of amounts passed on more than $5 million. you know of the...
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Dec 11, 2012
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stocks rallied today over optimism a deal will be reached to avert the fiscal cliff. at the closing bell the dow finished up 78 points. >>> lazard is latest in long list of u.s. companies offering special one-time payments or accelerated dividends before scheduled tax hikes next year. the company declared a special dividend of 20 cents a share on outstanding class a common stock payable december 27th. >>> bank of america confirmed its website was the sight site of a cyberattack. bank of america is one of several banks targeted this week that carried out similar cyber attacks in october and associated with islamic terrorists. other banks were jpmorgan chase, pc this bancorp, and suntrust banks. that is the latest from the fox business network, giving you the power to prosper. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to
stocks rallied today over optimism a deal will be reached to avert the fiscal cliff. at the closing bell the dow finished up 78 points. >>> lazard is latest in long list of u.s. companies offering special one-time payments or accelerated dividends before scheduled tax hikes next year. the company declared a special dividend of 20 cents a share on outstanding class a common stock payable december 27th. >>> bank of america confirmed its website was the sight site of a...
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Oct 26, 2012
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falls off that fiscal cliff. the organization warns that the looming spending cuts and tax hikes could remove $500 billion from the economy. >>> the white version of apple's ipad membership any selling out within 20 minutes of being made available for preorder. the device is scheduled to hit stores a week from today. >>> this breaks my heart, it does. nhl canceling the entire schedule of november because there is no agreement tweem the players and owners. this brings the end to roughly a quarter of season. this is today's speed read [buzzer] david: you did it. liz: what are they thinking? what are they thinking? david: we'll ask mr. bettman and find out. liz: we love gary bettman to come in. during the first presidential debate mitt romney pointed out problems he had with dodd-frank regulation. >> one is it designates a number of banks too big to fail and they're effectively guaranteed by the government. this is the biggest kiss given to new york banks i have ever seen. liz: we have somebody who agrees with romne
falls off that fiscal cliff. the organization warns that the looming spending cuts and tax hikes could remove $500 billion from the economy. >>> the white version of apple's ipad membership any selling out within 20 minutes of being made available for preorder. the device is scheduled to hit stores a week from today. >>> this breaks my heart, it does. nhl canceling the entire schedule of november because there is no agreement tweem the players and owners. this brings the end...
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Dec 24, 2012
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i think it is crystal clear that he wants to go off the fiscal cliff. david: let's be clear about what he has done and wants to do. he increases 25% of the baseline. if we go over the fiscal cliff, he gets a lot more money. it is not just rich people paying out. he will get a lot more money, so he does want that. he will get a cut into military. if anything goes wrong, he can blame republicans for it. >> right. from his standpoint, it is a win-win across the board to go over the cliff, have the automatic sequester cuts, take the tax increases, go back to the clinton era rates and that when the economy reacts, as it most certainly will, negatively, then he will blame the republicans for putting us into a recession. david: let's put a fine point on that. what we are suggesting here, they call it an outrageous suggestion, that the president is willing to send this country into a recession to get what he wants. you are really saying that? >> i think that he is willing to gamble. i believe that the president and his advisors have looked at the history of con
i think it is crystal clear that he wants to go off the fiscal cliff. david: let's be clear about what he has done and wants to do. he increases 25% of the baseline. if we go over the fiscal cliff, he gets a lot more money. it is not just rich people paying out. he will get a lot more money, so he does want that. he will get a cut into military. if anything goes wrong, he can blame republicans for it. >> right. from his standpoint, it is a win-win across the board to go over the cliff,...
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right now this fiscal cliff that president obama seems rather comfortable with is going to jack up tax rates on investors and on small businesses. the capital gains rate is going to go up by about 50%. the dividend's tax rates going to go up by 250 or 300 to 300%. it president obama's said, you know what, now may not be a good time to raise taxes on small businesses and investors. i would be quite happy to year that. i don't expect it, but i'm waiting. liz: we just showed becoming a born to run nation and some of the points he said we need to embrace. yet, if we don't use a -- entry tot this was very interesting -- we will become a born to sit nation. more active propulsion coming from people, not just expecting the government to do everything, get people excited. what is wrong with our nation? have we become spoiled? >> i don't notice boyle this the right word, but we have certainly become discouraged and dispirited. delicate the white house sent the president obama is running the angry birds economy. you look at the white house and the administration and regulators and tax records. t
right now this fiscal cliff that president obama seems rather comfortable with is going to jack up tax rates on investors and on small businesses. the capital gains rate is going to go up by about 50%. the dividend's tax rates going to go up by 250 or 300 to 300%. it president obama's said, you know what, now may not be a good time to raise taxes on small businesses and investors. i would be quite happy to year that. i don't expect it, but i'm waiting. liz: we just showed becoming a born to run...
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Oct 18, 2012
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the fiscal cliff, the debt ceiling and terms of the election and what happens with taxes. we are hearing that caution and sentiment of concern from our business client but from the other hand they will make a move to acquire property plant equipment and do mergers but do it with caution, they need strong economic reasons. part of the reason we are seeing growth is we are acquiring market share. dave: you may be moving from the mortgage business but your active with fannie mae and freddie mac. what do you think of those companies? some say they need to be broken off and sold off. >> there has been a lot of dialogue and debate among pundits and the washington what to do, a lot of minds will look at how we should approach g s c reform. we are a seller, three quarters of our mortgage production we do sell and keep a quarter in our balance sheet. dave: best mooney, congratulations, break reporting, ceo and president -- liz: up 23%. after the break google will hold its earnings conference call following the huge third quarter myths and the drama about the early release of earnin
the fiscal cliff, the debt ceiling and terms of the election and what happens with taxes. we are hearing that caution and sentiment of concern from our business client but from the other hand they will make a move to acquire property plant equipment and do mergers but do it with caution, they need strong economic reasons. part of the reason we are seeing growth is we are acquiring market share. dave: you may be moving from the mortgage business but your active with fannie mae and freddie mac....
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Oct 31, 2012
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cliff. david: if president obama's re-elected, he said he will not sign a tax bill that doesn't include a tax increase, and, of course, republicans say they won't sign on to something like that. we may not reach a resolution on this. >> oh, yes, david, no matter who is the president, no matter who the president is, it's a situation where there's a lot of urn certainty. -- uncertainty. it's not just the fiscal cliff. yiewmp's not -- europe's not resolved, middle east is volatile, and there's a surge of evaluations in september and october because of the euphoria with qe3, and we recommended taking some money off the table and raising some cash, and into the weakness now, we would be selectively buying. we're not bears, but prudently took profits last month, and we would selectively buy as they go down. liz:bearish. you sold google and apple, two relatively bright stars over the past, say, yeah and a half. would you bring those back in your portfolio again? >> well, yeah, i mean, they are grea
cliff. david: if president obama's re-elected, he said he will not sign a tax bill that doesn't include a tax increase, and, of course, republicans say they won't sign on to something like that. we may not reach a resolution on this. >> oh, yes, david, no matter who is the president, no matter who the president is, it's a situation where there's a lot of urn certainty. -- uncertainty. it's not just the fiscal cliff. yiewmp's not -- europe's not resolved, middle east is volatile, and...
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. >> who of wants to pick this up do we go over the fiscal cliff? >> yes. probably. 55% to 60% and early january they strike some kind of deal that allows the administration to say there decreasing taxes from what they went to in january 1st. i say 60% we are going over the cliff. dave: we are playing with fire if that happens. a lot of people say even if it is temporary it might push us into recession. quickly, you think that is possible that we will? >> certainly possible. interesting the consensus have gone from 50% to 60%. a month or two ago we were not going to go over the cliff. i agree that is completely flipped on its head and the only president in recent memory who headed debt ceiling in summer of 2011, all through july everyone was confident we were going to get a deal and we saw what happened. a little bit of cash on the sidelines to reload the. of the goal of the cliff, is not a bad thing for investors. dave: still a scary time. the possibility that we could go into recession as a result of that. thank you very much. michael, phil, we will check
. >> who of wants to pick this up do we go over the fiscal cliff? >> yes. probably. 55% to 60% and early january they strike some kind of deal that allows the administration to say there decreasing taxes from what they went to in january 1st. i say 60% we are going over the cliff. dave: we are playing with fire if that happens. a lot of people say even if it is temporary it might push us into recession. quickly, you think that is possible that we will? >> certainly possible....
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Nov 29, 2012
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liz: the fiscal cliff talks continue on wall street, good to look at who really pays the bulk of income taxes. there's some analysis. this comes in on all sides but the new analysis by the non-partisan tax foundation says the average federal tax rate for all taxpayers rose in 2010 to 11.81% up from 11.06% the previous year. the tax rate paid by individuals with incomes in the top 1% average 23.9%. the average, all filers in the bottom 50% paid an average tax rate of 2.37%. as you see from the new information which will be counterbalanced by other organizations as it comes out on a daily basis the wealthy pay a higher average rate. dave: buy a lot. the top-10% pay 70% of income taxes and wonder what a fair share is. former fdic chair sheila bair telling us what changes she would like to see to bring about stronger fiscal help. changes that might make some on wall street feel uncomfortable. liz: find out why the fed will continue its big spending in the new year. the wall street journal on the cover story of today's paper he broke about this. don't forget to log onto facebook.com/"after t
liz: the fiscal cliff talks continue on wall street, good to look at who really pays the bulk of income taxes. there's some analysis. this comes in on all sides but the new analysis by the non-partisan tax foundation says the average federal tax rate for all taxpayers rose in 2010 to 11.81% up from 11.06% the previous year. the tax rate paid by individuals with incomes in the top 1% average 23.9%. the average, all filers in the bottom 50% paid an average tax rate of 2.37%. as you see from the...
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dave: we have this fiscal cliff coming up in which all of the breaks we have been able to get from dividends might go away. we might see a doubling or more of the tax rate on dividends. might that not hurt the dividend stocks? >> great question. a couple things we look for once we have these fundamental requirements met is specifically requiring that the price is up trending to better refine purchase decisions and at the same time provide potential outlets of discipline in the event of the market turns against us and we could see a lot of volatility later in the year in fiscal disfunction remains on going. it is the concern of a lot of business owners and job creators and certainly something to keep our eyes on. dave: a lot more coming. good to see you both. thank you. appreciate it. even a liberal economist calling today's jobs numbers a statistical fluke. dean baker, co-director of the center for economic policy research getting a lot of press for put in cold water on these numbers. drink up spiritsmaker constellation brand. they're stocking a new all-time high following its earnings relea
dave: we have this fiscal cliff coming up in which all of the breaks we have been able to get from dividends might go away. we might see a doubling or more of the tax rate on dividends. might that not hurt the dividend stocks? >> great question. a couple things we look for once we have these fundamental requirements met is specifically requiring that the price is up trending to better refine purchase decisions and at the same time provide potential outlets of discipline in the event of...
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Nov 20, 2012
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we don't believe it's going to happen because we believe we avoid the majority of the fiscal cliff. we're looking for, although, still, sub trend growth rates, low 2% gdp rates. liz: david, were you ever in dividend paying stocks? it was a hot trade, and people are worried tax rates on dividends would change and be hike. >> well, yeah. our barbell strategy, high growth on one side, high yell on the other. they are high yield bonds, emerging market bonds, mortgage backed securities. the high dividend paying common stocks, you know, more volatility there because of the underlying share price. that does not affect our strategy because we're been in other areas that are not affected by that increase in the tax on qualified dividends. david: the tax could go up three times when all factored in like the obama tax surcharge. it undoubted won't be affected -- go ahead. >> yeah, but it won't affect areas we're investing in with the high yield side of the barbell strategy. that's the point. david: understood. >> what's impacted is dividends common stocks. david: good to see you both. thank yo
we don't believe it's going to happen because we believe we avoid the majority of the fiscal cliff. we're looking for, although, still, sub trend growth rates, low 2% gdp rates. liz: david, were you ever in dividend paying stocks? it was a hot trade, and people are worried tax rates on dividends would change and be hike. >> well, yeah. our barbell strategy, high growth on one side, high yell on the other. they are high yield bonds, emerging market bonds, mortgage backed securities. the...
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Nov 12, 2012
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the probability doesn't lie in taxation, but something is going to come up the fiscal cliff, they will have to be a compromise and the compromise will include taking something away from wall street. that is sort of my basic if you will. sandra: whil well you are not bullish, in the short-term things are a bit oversold after a big selloff last week and buying opportunity here? >> a lot of the premium that was built in there with the hope that romney was going to get the nod came out of the market. i would not buy the index as a whole, but the impending capital gains hikes in january that he can step into right now, companies like apple and companies like disney right now. if you have not owned those two-out performers this time of year, this is a great opportunity for investors looking to take on a new position. david: let me follow up with that if i can, particularly with apple. is it conceivable that stocks could go down further? >> anything is conceivable that if you look on a forward earnings basis and some of the opportunity they have tapped into the emerging market consumer long-t
the probability doesn't lie in taxation, but something is going to come up the fiscal cliff, they will have to be a compromise and the compromise will include taking something away from wall street. that is sort of my basic if you will. sandra: whil well you are not bullish, in the short-term things are a bit oversold after a big selloff last week and buying opportunity here? >> a lot of the premium that was built in there with the hope that romney was going to get the nod came out of the...